July | 2006 | The Price of Oil

Posts in July 2006

Oxfam on G8: Failed on Climate
Andy Rowell
Jul12
The development group Oxfam has castigated the efforts of the G8 on climate change in the run up to this week’s meeting, as “all talk no action”. Oxfam says that the focus on climate change at the G8 Summit at Gleneagles a year ago “was instrumental in raising public awareness of the issue. But the…
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Oil Addicts Find New Veins at BTC Pipeline Party
Andy Rowell
Jul12
Over 45 Presidents, Foreign Minister and Energy Ministers from 30 countries will come together on 13 July in Ceyhan, Turkey, for the grand launch of BP’s Baku-Tbilisi-Ceyhan (BTC) pipeline. Campaigners who have monitored the BTC project have issued a press release charging BP and participating international financial institutions (IFIs) with failing affected communities and the…
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BP Buys $1bn Stake in Rosneft
Andy Rowell
Jul12
BP has astonished many analysts and critics by saying it is going to buy a $1bn stake in the state-owned Russian oil producer, Rosneft. It will seen as a major boost to President Putin just days before the G8 Summit. However opponents of the flotation told the Independent newspaper that BP had “a gun to…
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G8 Summit Heating Up as Police Snatch Up Rights Activists
Andy Rowell
Jul12
In the run-up to the G8 Summit in Saint Petersburg this weekend, civil society and opposition figures are holding a two-day conference in Moscow to draw attention to President Vladimir Putin’s authoritarian tendencies. They want the other seven G8 countries to put pressure on Russia to spend more time promoting civil rights. The police have…
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Legislators to G8: Act on Energy And Climate Security
Andy Rowell
Jul11
Legislators from 13 countries have sent a message to the G8 to address climate change, clean energy and sustainable development when they meet in St Petersburg later this week. They pointed out that energy security and climate security needed to be tackled together. “If we do not successfully address both, we risk undermining our development,…
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US Senators To Bush: Show Leadership On Climate
Andy Rowell
Jul11
Forty US senators have sent a letter to President Bush, urging him to “provide leadership” on climate change, and warning that the US could lose its competitive edge in a “carbon conscious” world. A year after the Senate passed a resolution calling for mandatory programme to reverse global warming, the letter read: “We are writing…
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Youth to G8: “Stop Playing Russian Roulette with Our Future!”
Andy Rowell
Jul10
Youth organizations from 21 countries have issued a statement calling on the G8 to abandon a disastrous “Energy Security” strategy whose details were first revealed by Oil Change International in February of this year, and which is scheduled for approval during the G8 Summit later this week (July 15-17). According to the 53 youth organizations…
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The Flawed Billion Dollar Flotation of Russia’s Oil Company
Andy Rowell
Jul10
The Independent leads on how “this week the London Stock Exchange will play host to one of the biggest share sales on record. But the £6bn flotation of Rosneft, a state-owned Russian oil producer, will not only be huge, it will also be massively controversial”. The paper goes on to argue that critics of Rosneft,…
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Shell: Biofuels from Food Crops “Morally Inappropriate”
Andy Rowell
Jul10
At top executive from oil giant Shell, the world’s top maker of biofuels, has said he considers using food crops to make biofuels “morally inappropriate” as long as there are people in the world who are starving. Eric G Holthusen, Fuels Technology Manager Asia/Pacific, said the company’s research unit, Shell Global Solutions, has developed alternative…
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Blair Goes Nuclear
Andy Rowell
Jul10
Tony Blair will tomorrow announce the results of Britain’s long awaited energy review, which will call for a five-fold increase in energy generation from wind, solar, tidal and agricultural sources. However the boost in renewables will be seen as trying to offset the huge criticism over Blair giving the green light to a resumption in…
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